The NEP, 2020 reiterates the holistic and
multidisciplinary education. Even engineering
institutions, such as IITs, will move towards more
holistic and multidisciplinary education with more arts
and humanities. The Academic Bank of Credits (ABCs)
shall be a national-level facility to promote flexibility of
curriculum framework and interdisciplinary academic
mobility of students across HEIs with appropriate credit
transfer mechanism. It will enable the integration of
multiple disciplines of higher learning, leading to the
desired outcomes including enhanced creativity,
innovation, higher order thinking and critical analysis.
Academic Bank of Credits is essentially a credit-based,
and highly flexible, student-centric facility. Students are
eligible for Credit transfer, Credit accrual and Credit
redemption through ABCs. The present article
enlighten the readers with regard to Objectives of ABCs
; Functions of ABCs ; Organizational Structures of
ABCs ; Implementation Plan for ABCs ; and Eligibility
Criteria for HEIs to register with ABCs. The
Regulations presented in this article are called as the
University Grants Commission (Establishment and
Operation of Academic Bank of Credits in Higher
Education) Regulations, 2021 which will be implemented
from the academic year 2021-22.